Business Xpress Startup Toolkit Step 2 - Registering

State of Oregon Corporation Division

7 Aug 201801:40

Summary

TLDRThis video from the Oregon Secretary of State Corporation Division guides entrepreneurs through the second step of starting a business in Oregon: registering the business name. Registration ensures the name's exclusive use within the state and informs the public of the business entity they're engaging with. It's distinct from obtaining a business license. The process involves submitting paperwork or using an online registry, with the understanding that basic business information becomes part of a public database. Online registration is quicker and can be verified by searching the business name in the registry.

Takeaways

📚 This video series is a guide for starting a business in Oregon, supplementing the Business Xpress Startup Toolkit.
📝 Step 2 for business startup involves registering the business or business name with the Oregon Secretary of State.
🔍 Registration of a business name is for personal use within Oregon and informs the public of the business entity they are engaging with.
🚫 Registering a business name is distinct from obtaining a business license, which is a separate process detailed in another video.
📑 Business registration can be done by completing paperwork for the specific entity type or via an online registry.
🌐 Information provided during registration becomes part of the public state business registry database, viewable by the public.
🏢 Public record details include the registrant's name, principal place of business, but exclude email addresses and phone numbers.
⏱️ Online registration is quicker than paper submission, with processing typically completed within a few days.
🔎 To check registration status, visit the online registry and search using the business name.
👍 The video concludes by encouraging viewers to explore more Start a Business videos for additional guidance.

Q & A

What is the purpose of the Start a Business video series produced by the Oregon Secretary of State Corporation Division?
-The purpose of the video series is to guide individuals starting a business in Oregon through the steps involved and to complement the Business Xpress Startup Toolkit found online.
What is the second step in starting a business according to the video?
-The second step is to register your business or business name with the Secretary of State in Oregon.
What does registering a business name in Oregon signify?
-Registering a business name signifies that you are reserving the use of that name for your business within the state and informing the public about the identity of the business they are dealing with.
Is registering a business name the same as obtaining a business license?
-No, registering a business name is not the same as getting a business license. The video suggests watching a separate video for information on obtaining tax numbers and business licenses.
How can one register a business in Oregon?
-One can register a business in Oregon by filling out the appropriate paperwork for their chosen business entity type or by using the online registry through provided links.
What information about a business is made public in the state's online business registry database?
-The information that becomes public includes the name of the registrant, the principal place of business, and other details required for registration.
What types of contact information are not disclosed in the online business registry?
-Email addresses and phone numbers are not listed online in the business registry.
Why is online registration of a business preferred over submitting a paper form?
-Online registration is faster than submitting a paper form, with registrations typically processed within a few days.
How can one check if their business registration has been processed?
-The best way to check if the registration has been processed is to visit the online registry and search for the business by entering its name.
What additional resources are available for those starting a business in Oregon?
-Additional resources include the Business Xpress Startup Toolkit found online and other videos in the Start a Business series.
What is the Business Xpress Startup Toolkit and how does it relate to the video series?
-The Business Xpress Startup Toolkit is an online resource that supplements the information provided in the video series, offering further guidance for starting a business in Oregon.

Outlines

00:00

📝 Business Registration in Oregon

This paragraph introduces the Start a Business video series by the Oregon Secretary of State Corporation Division. It focuses on Step 2 of the business startup process, which is registering the business or business name with the Secretary of State. The registration process is distinct from obtaining a business license, and the video guides viewers on how to register by filling out the required paperwork or using the online registry. The paragraph emphasizes that the information provided during registration becomes part of the public record in the state's online business registry database, except for email addresses and phone numbers. It also highlights the benefits of online registration, such as faster processing and the ability to check registration status through the online registry.

Mindmap

Keywords

💡Start a Business

Starting a business refers to the process of establishing a new commercial enterprise. In the video, this concept is the central theme, as the series is designed to guide individuals through the steps required to initiate a business in Oregon. The script mentions that the video series supplements the Business Xpress Startup Toolkit, indicating that it is part of a broader resource for entrepreneurs.

💡Oregon Secretary of State Corporation Division

The Oregon Secretary of State Corporation Division is the government entity responsible for overseeing business registrations within the state of Oregon. The video is produced by this division, which underscores its role as a provider of authoritative information and guidance on business registration processes.

💡Business Name Registration

Business name registration is the act of officially recording a business name with the state to ensure its exclusive use within a particular jurisdiction. In the script, it is mentioned as Step 2 for starting a business, highlighting its importance in the business formation process in Oregon.

💡Public Record

Public record refers to information that is not considered confidential and is available for public viewing. The script clarifies that the information provided during business registration becomes part of the state's online business registry database, which is a public record. This includes the name of the registrant and the principal place of business.

💡Business License

A business license is a legal permission to operate a business, which may include specific tax numbers. The script distinguishes between registering a business name and obtaining a business license, indicating that they are separate processes with different purposes and requirements.

💡Online Registry

An online registry is a digital database where information about registered businesses is stored and made accessible to the public. The script mentions that registering a business online is faster and that the online registry can be visited to check if a registration has been processed.

💡Business Entity Type

A business entity type refers to the legal structure of a business, such as a sole proprietorship, partnership, corporation, or LLC. The script suggests that the paperwork for business registration is specific to the chosen entity type, indicating that different structures have different registration requirements.

💡Principal Place of Business

The principal place of business is the main location where a company operates. In the context of the script, it is one of the pieces of information required during business registration and becomes part of the public record.

💡Tax Numbers

Tax numbers are identification numbers used for tax purposes, such as an Employer Identification Number (EIN) in the United States. The script refers to a separate video on getting tax numbers, which implies that this is a distinct step in the business startup process.

💡Business Xpress Startup Toolkit

The Business Xpress Startup Toolkit is an online resource mentioned in the script that provides additional information and tools for starting a business. It is supplementary to the video series, offering a comprehensive guide for entrepreneurs in Oregon.

💡Registrant

A registrant is an individual or entity that registers a business name with the state. The script specifies that the name of the registrant is part of the information required for business registration and is considered public record.

Highlights

Introduction to the Start a Business video series by the Oregon Secretary of State Corporation Division.

The video series aims to guide individuals starting a business in Oregon through the necessary steps.

Emphasis on Step 2: Registering a business or business name with the Secretary of State.

Explanation of the importance of registering a business name for personal use within Oregon.

Clarification that registering a business name is distinct from obtaining a business license.

Mention of a separate video detailing the process of obtaining tax numbers.

Instructions on how to register a business, including filling out paperwork or using an online registry.

Note on the public availability of business information in the state's online registry database.

Requirement to provide certain business details considered public record, excluding email addresses and phone numbers.

Advantage of registering a business online for a faster process compared to paper forms.

Information on how long it typically takes for registrations to be processed.

Method to check if a registration has been processed by searching the online registry.

Encouragement to watch other Start a Business videos for comprehensive information.

Highlighting the Business Xpress Startup Toolkit as a supplementary resource.

Details on what information is made public in the business registry, such as the registrant's name and principal place of business.

The assurance that the business registry database is available for public viewing to establish transparency.

The process for individuals to verify their business registration status online.